10-Q quarterly report · filed Jul 31, 2026

Chipotle Mexican Grill (CMG) Q2 2026 10-Q Quarterly Report

Short answer

Chipotle Mexican Grill (CMG) filed its Q2 2026 10-Q quarterly report on Jul 31, 2026 for the quarter ended Jun 30, 2026. Quarterly revenue was $3.3B (up 9.3% year over year) with net income of $404M.

Q2 2026 key financials · XBRL

Revenue
$3.3B
+9.3% YoY · +8.4% QoQ
Net income
$404M
−7.5% YoY · +33.3% QoQ
Operating margin
15.7%
EPS (diluted)
$0.32
−3.0% YoY · +39.1% QoQ

Source: XBRL data from the Chipotle Mexican Grill (CMG) Q2 2026 10-Q on SEC EDGAR. USD.

Chipotle Mexican Grill Q2 2026 10-Q analysis

AI summary of MD&A and risk factor updates

Management Discussion & Analysis

  • Q2 revenue $3.35B, up 9.3% YoY from $3.06B; comparable sales up 2.2%
  • Food, beverage, packaging margin 29.7% vs 28.9%; labor margin 25.0% vs 24.7%
  • Best line: food and beverage revenue $3.33B, up 9.4%; weakest: delivery revenue $15.8M, up 0.8%
  • Cash and investments $667.1M; six-month operating cash flow $1.3B vs $1.1B
  • Headwinds: low-single-digit comparable-sales pressure; tariffs, food safety concerns, geopolitical developments and elevated equipment costs through 2027

Risk Factors

  • Risk factors section not provided; supplied text covers equity repurchases, exhibits, and signatures
  • No newly added risk factor or 10-K comparison disclosed
  • $1.3 billion additional repurchase authorization approved June 11, 2026
  • Repurchases totaled 19,417,943 shares at average $32.55 during the quarter

Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K

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